Question

In: Operations Management

What step in the Product Development process in Fashion Merchandising do you think is the most...

What step in the Product Development process in Fashion Merchandising do you think is the most important? Do you think there's any step that can be eliminated?

Solutions

Expert Solution

answwer-

The most important step in the PDP in Fashion merchansiding i think is Market Testing because This is the stage where Companies selling or involved in Fashion merchandising able to know that their new concepts or ideas in Fashion merchandising like new designing clothese and accessories are feasible in the market or not. The Market test on the small scale will give them the idea that their designer clothese and accessories are liked by customers very much or they are not upto thier standard of liking. When they does not Test in the market and directly go for larger launch then they suffer chance of 100 percent failure or loss.

No, I think every step is very important and has their own benefits to the process. Idea generation helps in creating new idea. Screening helps in removing waste and not useful ideas. Concept test helps in understanding and creating a picture of idea like new design of clothes or accessories to target customers. Business analysis helps in understanding cost and profit from the new product. so every and each step is very important and i think should remain in the process to make fashion merchandising more effective and feasiable.


Related Solutions

What are the manager’s roles in a development system? Which role do you think is most...
What are the manager’s roles in a development system? Which role do you think is most difficult for the typical manager? Which is the easiest role? List the reasons why managers might resist involvement in career management.
“The process of new product development is typically a linear process”. Do you agree with this...
“The process of new product development is typically a linear process”. Do you agree with this statement? Why (not)? Illustrate with an example / examples.
Discuss the communication process model. What do you think is the most difficult barrier to effective...
Discuss the communication process model. What do you think is the most difficult barrier to effective communication? Why? (Write your answer in 150-200 words)
Which of Erikson’s Stages of Psychosocial Development do you think is the most challenging for individuals...
Which of Erikson’s Stages of Psychosocial Development do you think is the most challenging for individuals to overcome? Why?
In what ways do you think the development of new products differs from the development of...
In what ways do you think the development of new products differs from the development of new services? (Substantive answers please)
Think of a company that manufactures a product. What type of standards do you think they...
Think of a company that manufactures a product. What type of standards do you think they might have regarding their sustainability efforts? Do you think sustainability standards would be beneficial for the company? Why or why not?
With product development and product positioning in mind, describe a new product concept that you think...
With product development and product positioning in mind, describe a new product concept that you think would meet unfulfilled consumer needs in your favorite sport. Be sure to describe the product and explain/justify your decision.
Why do you think a businesses use 70/20/10 plans and planograms. Why do you think merchandising...
Why do you think a businesses use 70/20/10 plans and planograms. Why do you think merchandising strategies differ between retailers? (Please be descriptive)
Can you tell me the step by step process of how to do this? Provide a...
Can you tell me the step by step process of how to do this? Provide a substantive response that addresses all areas of the item below. Your organization has asked you to estimate the proportion of current employees who expect to retire by the age of 65. Develop an appropriate sampling frame and sampling approach to facilitate this task. Note: Your sample must be random. Outline the data collection process you would employ. Additionally, provide a substantive response to the...
Define the VIX index. What do you think is its relation with the development of the...
Define the VIX index. What do you think is its relation with the development of the derivatives market? What kind of relationship the index may have with the real economy? Why? How would you relate the VIX with the Great Recession?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT